26 USC 1234B - Gains or losses from securities futures contracts

U.S Code last checked for updates: Nov 23, 2024

§ 1234B.

Gains or losses from securities futures contracts

(a)

Treatment of gain or loss

(1)

In general

(2)

Nonapplication of subsection

This subsection shall not apply to—

(A)

a contract which constitutes property described in paragraph (1) or (7) of section 1221(a), and

(B)

any income derived in connection with a contract which, without regard to this subsection, is treated as other than gain from the sale or exchange of a capital asset.

(b)

Short-term gains and losses

(c)

Securities futures contract

(d)

Contracts not treated as commodity futures contracts

(e)

Regulations

(f)

Cross reference

(Added Pub. L. 106–554, § 1(a)(7) [title IV, § 401(a)], Dec. 21, 2000, 114 Stat. 2763, 2763A–648; amended Pub. L. 107–147, title IV, § 412(d)(1)(B), (3)(B), Mar. 9, 2002, 116 Stat. 53, 54; Pub. L. 108–311, title IV, § 405(a)(1), Oct. 4, 2004, 118 Stat. 1188.)

cite as: 26 USC 1234B